DEED OF ARRANGEMENT
deed of arrangement: translation
deed of arrangement ˌdeed of arˈrangement noun deeds of arrangement PLURALFORM [countable] LAW FINANCE
in Britain, a formal agreement arranged by a court for the assets of a person or company that owes money to be sold and the money divided between the people who are owed money
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deed of arrangement UK US noun [C] (plural deeds of arrangement)
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Entering into a deed of arrangement is a way of avoiding bankruptcy.